District of Columbia Extended Date for Performance

• Category: Contracts - Extensions
• State: Multi-State
• Control #: US-02969BG
• Format: Word; Rich Text

Description

This is basically a modification of the original contract. Modification is written change made to a contract. It may be unilateral in accordance with the changes clause in the contract or bilateral. Modification may introduce or cancel specifications or terms of a contract without effecting the purpose of the contract. Unilateral modifications are changed usually through a modification order and mutually agreed change is made by a supplemental agreement. It is also called contract amendment or modification of a contract. The District of Columbia Extended Date for Performance refers to a specific provision mandated by the District of Columbia government, which allows parties involved in a contract or agreement extra time to fulfill their obligations beyond the initially agreed-upon date. This extension is granted under specific circumstances, typically when unforeseen events or circumstances beyond the control of the parties have hindered their ability to meet the original deadline. One type of District of Columbia Extended Date for Performance involves construction contracts. In the construction industry, project delays can often occur due to factors such as adverse weather conditions, unexpected site conditions, or changes in project scope. In such cases, contractors can request an extended date for performance to ensure they have adequate time to complete their work without facing penalties or contract termination. This provision helps to protect contractors from unfair consequences that arise from circumstances beyond their control. Another type of District of Columbia Extended Date for Performance applies to government contracts. When contractors enter into agreements with the District of Columbia government to provide goods or services, they may require additional time beyond the original deadline due to various reasons such as delayed approvals, funding issues, or unforeseen changes in project requirements. The extended date for performance allows contractors to fulfill their contractual obligations without facing breach of contract or financial penalties. Furthermore, the District of Columbia Extended Date for Performance can also be relevant in commercial and business contracts. In instances where businesses enter into agreements with suppliers, clients, or partners in the District of Columbia, unexpected events like strikes, natural disasters, or supply chain disruptions may hinder a party's ability to deliver goods or services within the originally agreed-upon timeframe. The extended date for performance provision becomes vital in such situations, allowing the parties involved to negotiate and agree upon an extended deadline that accommodates the unforeseen circumstances. Overall, the District of Columbia Extended Date for Performance provision serves as a crucial safeguard for contractors, businesses, and parties engaged in agreements within the jurisdiction of the District of Columbia. It ensures fairness and mitigates risk by providing flexibility and protection against penalties when unforeseen events or circumstances prevent timely completion of contractual obligations.

The District of Columbia Extended Date for Performance refers to a specific provision mandated by the District of Columbia government, which allows parties involved in a contract or agreement extra time to fulfill their obligations beyond the initially agreed-upon date. This extension is granted under specific circumstances, typically when unforeseen events or circumstances beyond the control of the parties have hindered their ability to meet the original deadline. One type of District of Columbia Extended Date for Performance involves construction contracts. In the construction industry, project delays can often occur due to factors such as adverse weather conditions, unexpected site conditions, or changes in project scope. In such cases, contractors can request an extended date for performance to ensure they have adequate time to complete their work without facing penalties or contract termination. This provision helps to protect contractors from unfair consequences that arise from circumstances beyond their control. Another type of District of Columbia Extended Date for Performance applies to government contracts. When contractors enter into agreements with the District of Columbia government to provide goods or services, they may require additional time beyond the original deadline due to various reasons such as delayed approvals, funding issues, or unforeseen changes in project requirements. The extended date for performance allows contractors to fulfill their contractual obligations without facing breach of contract or financial penalties. Furthermore, the District of Columbia Extended Date for Performance can also be relevant in commercial and business contracts. In instances where businesses enter into agreements with suppliers, clients, or partners in the District of Columbia, unexpected events like strikes, natural disasters, or supply chain disruptions may hinder a party's ability to deliver goods or services within the originally agreed-upon timeframe. The extended date for performance provision becomes vital in such situations, allowing the parties involved to negotiate and agree upon an extended deadline that accommodates the unforeseen circumstances. Overall, the District of Columbia Extended Date for Performance provision serves as a crucial safeguard for contractors, businesses, and parties engaged in agreements within the jurisdiction of the District of Columbia. It ensures fairness and mitigates risk by providing flexibility and protection against penalties when unforeseen events or circumstances prevent timely completion of contractual obligations.